Tesla Leases 51,000 Sq Ft in Gurugram for ₹40 Lakh/Month

Featured & Cover Tesla Leases 51 000 Sq Ft in Gurugram for ₹40 LakhMonth

Tesla has secured a new lease for nearly 51,000 square feet of space in Gurugram to accommodate a service center, warehouse, and retail outlet, continuing its expansion in India after opening its first location in Mumbai.

Elon Musk’s Tesla India Motor & Energy Pvt Ltd has signed a lease for nearly 51,000 square feet of super built-up area at Orchid Business Park on Sohna Road in Gurugram. This marks the company’s second commercial space in India following its Mumbai debut last month.

The leased area includes a 33,475 square foot chargeable section from Garwal Property Pvt Ltd. It will function as a service center, warehouse, and retail outlet. The lease is set to begin on July 15, 2025, and was registered on July 28, according to documents reviewed by CRE Matrix.

The lease has an initial monthly rent of ₹40.17 lakh, with an annual escalation of 4.75%. Over the nine-year term, the rent will increase incrementally each year: ₹42.07 lakh in the second year, ₹44.07 lakh in the third year, and so forth until reaching ₹58.22 lakh in the ninth year.

The landlord’s share of the property is divided among Suncity Real Estate LLP, with a 21% share, Orchid Infrastructure Developers Pvt Ltd, which holds 3.06%, and Garwal Property Pvt Ltd with the largest share of 75.94%. Rent payments are stipulated to be made before the seventh day of each month.

The facility also includes 51 parking spaces and required a security deposit of ₹2.41 crore for the nine-year term.

Alongside this expansion, Tesla plans to inaugurate a showroom in Delhi’s Worldmark Mall, Aerocity, on August 11. Efforts to reach Tesla and Garwal Property Pvt Ltd for comments were unsuccessful.

Previously, Tesla leased 24,565 square feet of warehouse space at Lodha Logistics Park in Mumbai’s Kurla area for ₹24.38 crore over a five-year term, highlighting the company’s strategic push into the Indian market.

Source: Original article

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